Some of the largest natural resource projects in all of North America are now sprouting up in the North and eastern Arctic with major companies taking risks alongside northerners. Together, companies and communities are reaping incredible rewards. Labrador's Muskrat Falls project has accelerated the completion of a paved highway and fibre optic line from Goose Bay to Labrador City.
Becoming an entrepreneur used to be a "they" thing: other people did it, but unless you had one in the family, it was a career shrouded in mystery. How do you get started? Do you have to be an inventor? What does it actually take to work for yourself?
The recent announcement by the federal government that it will fund Toronto's subway system is not good news for Canada. It means more of the same style of infrastructure funding we have always had. Instead of predictable, reliable and rules based projects, Canada is riddled with a mish mash of almost completed and almost dead projects politicians pick and choose to save (or not).
Under Stephen Harper, household debt has exploded. The average household debt-to-income ratio (the amount of debt the average Canadian household owes for every dollar of their annual disposable income) has risen from $1.31 to $1.64 -- which is where the United States was before the housing market crashed.
If you need to build connections from scratch, be fearless. Pick up the phone. Write the letter or email. At conferences and social events, approach people and be approachable. Be clear about your value proposition and needs. Ask how you may help them, and ask for support. What's the worst that can happen? They politely decline.
I'm enthusiastic about the bright future that is ahead if we can continue to foster and encourage governments, business leaders and young students to look beyond the limits to make the impossible, possible. I find myself wondering what it will take to win in this Third Industrial Revolution, and I keep coming back to our youth, these students whose brilliant minds know no limits. Are we doing enough to encourage and inspire them? Are we finding the right venues to foster innovation and commercialization of the best ideas in Canada, or will we retain our role as an exporter of raw goods, rather than an information economy of the future?
For Canadian employers, the overall business environment raises many questions. What can we do to drive growth? How can we improve productivity while still controlling costs? How can we produce high-quality goods and services to remain competitive both at home and globally?
Dad was once the ATM; he's less absent now, more engaged in family life. As women "lean in" to the workplace and assert themselves, as they should, men are leaning out. This wreaks uncertainty on the economy, but there is a star of brilliant light looming over the ocean, visible in the ever-rising storm.
In just the first two weeks of January, the prime minister announced another $250 million for the Automotive Innovation Fund -- a federal subsidy program that provides the auto sector with taxpayer cash for research and development. I say let companies duke it out without taxpayers being forced into the ring.
The management of public finances may not have received due attention from the premiers in Halifax. But as our federal and provincial political leaders gear up for next year's budget season, they would be wise to acknowledge the seriousness of growing government debt and put forth bold plans to balance their budgets. Kicking the debt down the road simply isn't an option.
As a nation built to a great extent on immigration, Canada boasts a rich ethnic diversity. Census data show that by far, the largest group has its roots in Western Europe. Analysts and policymakers often lament that economic growth does not reflect this makeup. Within the diaspora in Canada is a hidden goldmine of opportunity to further connect and trade with the fastest-growing markets of the world.
The way Harper made his decision on the new foreign ownership rules is dangerous and undemocratic. Canada has legislation, the Investment Canada Act, that sets out the process and requirements for foreign purchases. Strange that the deal that prompted him to develop the policy will be immune from the policy. Can he choose to ignore his own rules the next time?
Contrary to what you might have heard, it's impossible to judge the CNOOC-Nexen affair until the public receives some clarity regarding the list of undertakings that CNOOC has promised the federal government. And when those undertakings are made public, it's going to be pretty interesting to see what kind of measures the government required of CNOOC, a Chinese state-owned enterprise, in order to create a net benefit for Canada.
On a recent trip to Kenya, my friend and his family crashed head on into an example of why some developing countries cannot grow and prosper. As they were about to board their flight from Nairobi, the clerk at the exit gate said there was a problem with their boarding passes. Before she returned them and before they could board the flight, they were told they must pay $800 to correct the "problem."
The New American City being held this week in Kansas City, Mo. will draw business and local government leaders from more than 50 U.S. and Canadian cities. They'll be arguing the crumbling infrastructures whose refurbishment we may view at net drains on our wallets in fact hold value and the potential for economic boom if they are properly rebuilt and maintained.
Canada's fiscal hardheadedness and pro-growth economic policies, along with its tremendous resource wealth, are the real examples that the United States can and should follow (the United States has great resource wealth too, thankfully).